Thursday, June 20, 2019
JAKARTA (TheInsiderStories) - After extended for couple months, again Indonesia will extend the special mining permit for PT Freeport Indonesia (PTFI) for another month to September, senior official told reporters on Wednesday (29/08). According to the Energy and Mineral Resources (EMR) Minister Ignasius Jonan the permit will be renewed every month. Just...
Indonesia’s Jasa Marga to Issue Two-Debt Instruments worth US$140M in 2019
JAKARTA (TheInsiderStories) - State-owned construction firm PT Waskita Karya Tbk (IDX: WSKT) and state-owned toll operator company PT Jasa Marga Tbk (IDX: JSMR) are planning to raise Rp8 trillion (approx. US$582 million) from the divestment of six toll road projects to investors in the first semester this year. WSKT and JSMR previously have...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Alam Sutera Realty Tbk (P.T.) and affirmed the B2 backed senior unsecured rating of the 2020 notes and 2022 notes issued by Alam Synergy Pte. Ltd., a wholly owned subsidiary of the company. The notes are guaranteed by Alam Sutera and...
JAKARTA (TheInsiderStories) - Public listed securities firm PT Minna Padi Investama Sekuritas Tbk has failed to acquire sharia bank PT Bank Muamalat after Minna missed the deadline to reach an agreement on share subscription. The agreement came to a halt as the grace period of the conditional share subscription agreement (CSSA) ended...
JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a Baa2 long-term foreign currency senior unsecured rating to PT Bank Rakyat Indonesia (IDX: BBRI)proposed US dollar denominated senior unsecured notes. The rating outlook is stable. The notes will have a maturity of five years and will be listed on the Singapore Stock Exchange....
JAKARTA (TheInsiderStories) - Japanese lender Bank of Tokyo-Mitsubishi UFJ (BTMU) will acquire a 40 per cent in publicly-listed PT Bank Danamon Indonesia Tbk (IDX: BDMN) in two phases, starting early next year, according to the Indonesia Financial Services Authority (FSA). In the first phase, BTMU will acquire 20 per cent...
JAKARTA (TheInsiderStories) - "Criticism is the evaluation of the mind against reality, namely breaking down policy inconsistencies. Inconsistency in policy must first begin by examining incoherence in ideas. Therefore the function of criticism is to parse, not build," wrote by well-known political observer Rocky Gerung on his Twitter account. The former...
JAKARTA (TheInsiderStories) - Statistic Indonesia reported the inflation in November 2018 recorded 0.27 percent on a month-to-month basis (MoM). While on an annual basis the inflation figure was recorded at 3.2 percent. Head of Statistic Indonesia Suhariyanto, said all the components have experienced inflation last month. The highest inflation occurred in...
JAKARTA (TheInsiderStories) -  China foreign trade of goods fell 13.8 percent in February to US$266.36 billion compared to same month in 2018. While, Exports dipped 20.7 percent to $135.24 billion last month and imports decreased 5.2 percent to $131.12 billion in the same month, customs data showed on Friday...
JAKARTA (TheInsiderStories) - Indonesian General Election Commission (GEC) officially determines Joko Widodo-Maruf Amin and Prabowo Subianto-Sandiaga Uno as definitive presidents and vice presidents candidates in 2019 Presidential Election. "Plenary session of General Election Comission determine two pairs of candidates who have registered to us, namely Joko Widodo-Maruf Amin, and Prabowo Subianto -Sandiaga...
  JAKARTA (TheInsiderStories) – PTTEP, an oil and gas company of Thailand, has decided to suspend its investment in Indonesia. The decision was made after the Indonesian government file lawsuit over Montara oil leak. “Indonesia is one of strategic investment countries of PTTEP that the company has plan to continuously invest...
JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has taken action to support the economy in the 19-countries eurozone, joining other major central banks like the United States (US) Federal Reserve, to responding the fears about global growth. In an official statement after the meeting on Thursday (05/6), the president...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported that the movement of the Rupiah is currently more stable, supported by four main factors, said the governor today (01/28). This morning, Rupiah strengthening 0.41 percent or 58 points at 14,035 per US dollar. Perry Warjiyo explained, the first factor has supporting the strengthening...
​JAKARTA (TheInsiderStories) - ​Bank Indonesia (BI) is expected to take a crucial action in responding the sharp decline in rupiah currency against U.S dollar as it has passed the 'physiological level' in Rp14,000 per dollar last Monday. As of Tuesday in Jakarta trading until 11:44 am western Indonesian time, the rupiah...
JAKARTA (TheInsiderStories) – China posted a current account surplus of US$54.6 billion in the fourth quarter (Q4) of 2018, a 134.3 percent increase from the previous quarter, said senior economist at IHS Markit Yanjun Lin, on Tuesday (02/19). The improvement in the current account balance was mainly driven by an...
JAKARTA (TheInsiderStories) - The Rupiah, our Indonesian currency, continued to manifest its weakness on Thursday (28/9), sliding to a 10-month low against US dollar (US$). Rupiah was 0.52 percent down in value, at Rp13,515 per U.S dollar, after having slipped to its lowest level of Rp13,594 per US$ on Thursday (28/9). This figure...
JAKARTA (TheInsiderStories) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting in Tokyo, Antara reported. Kalla said the discussion, focused on accelerating the implementation of the tender after a feasibility study is completed...
JAKARTA (TheInsiderStories) - China's merchandise exports fell 4.4 percent year on year (YoY) in December in terms of US dollar, the second fastest drop in the same month in history, according to the General Administration of Customs. Meanwhile, exports recorded the first month-on-month (MoM) decline since 2009. The headline weakness came as...
JAKARTA (TheInsiderStories) – State-owned port operators PT Pelabuhan Indonesia III (Pelindo III) and PT Pelabuhan Indonesia IV (Pelindo IV) have signed memoranda of collaboration (MoC) with other state-owned enterprises as well as with privately-owned companies to jointly develop public facilities aimed at improving asset value as well as helping local companies...
JAKARTA (TheInsiderStories) - Indonesia’s energy state-owned enterprise, PT Pertamina finally released its 2018 financial report. Pertamina booked US$2.53 billion (Rp 36.43 trillion) during last year, lower than $2.54 billion in 2017. The falling was caused by the cost rocketing. The falling last year’s profit has calculated the government’s receivables for...
JAKARTA (TheInsiderStories) - Indonesian central bank Governor Agus D.W Martowardojo will end his tenure this May, and President Joko Widodo (Jokowi) has made it known that he is on the lookout for a suitable candidate to succeed as Bank Indonesia (BI), the country's central bank. With three months to go...
JAKARTA (TheInsiderStories) – Indonesian government elevated benchmark price for several types of mining products, crude palm oil, and cocoa beans, said the government official on Thursday (05/02). According to the director general of foreign trade Oke Nurwan, based on MinisterTrade Regulation Number 31 Year 2019, dated April 25, the average price increase...
JAKARTA (TheInsiderStories) - Crude oil price rally continued, after oil stocks in the United States fell significantly after dropped last week over concerns of rising global supplies, as well as Saudi Arabia and other major producers hinted at plans to increase production. This morning, the price of West Texas Intermediate (WTI) crude...
JAKARTA (TheInsiderStories) - The upcoming Asia Pacific Economic Cooperation (APEC) in Da Nang, Vietnam is a good opportunity for the Indonesian government to re-state bilateral free trade agreements with other organization’s members and push for Indonesia’s flagship commodity exports, in particular with countries where Indonesia is still recording trade...
JAKARTA (TheInsiderStories) – Indonesia’s economy remains in a ‘normal’ condition as shown by a number of indicators, including low inflation environment, strengthening stock market, modest lending growth and relatively stable exchange rate. The statement was made by the Financial System Stability Committee (FSSC) based on a quarterly assessment of the...
JAKARTA (TheInsiderStories) - Singapore's real estate player OUE Pte. Ltd., unit of Indonesian conglomeration firm PT Lippo Karawaci Tbk (IDX: LPKR), has inked a deal for land acquisition in South Jakarta's central business district, said the company on Tuesday (25/09). Its subsidiary PT OUE Pengembangan Property will pay Rp1.63 trillion (US$112.36...
Lawyers Suggests Sue Boeing in US Court
JAKARTA (TheInsiderStories) - Indonesia signaled to ground Boeing 737 Max until next year, underscoring two fatal crashes faced by Lion Air in the Java Sea when plunged the first time in Oct 2018 and second Max crashed in Ethiopia less than five months later. Even after the US Federal Aviation...
Offensive Strategy Marks Widodo, Subianto's Open Campaign
JAKARTA (TheInsiderStories) - The open campaign period of the 2019 Presidential Election was inaugurated by the General Election Commission on Sunday (03/24). The duration is less than one month because the voting day has been set on April 17, 2019. The initial selection of the campaign shows the two candidates...
JAKARTA (TheInsiderStories) - State electricity company PT Perusahaan Listrik Negara (PLN) will soon sign power purchase agreement (PPA) for nine renewable energy-based power plants with combined installed capacity of 640.65 MW. Director General for New, Renewable and Energy Conservation Rida Mulyana said seven of the 9 power plants are micro...
JAKARTA (TheInsiderStories) - Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the same period last year of US$16.4 million. The increase was in line with the rise of revenues, which reached US$180.2 million,...

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